M&A Deal Summary

Hitachi Acquires Prizm Payment Services Pvt

On November 26, 2013, Hitachi acquired financial services company Prizm Payment Services Pvt

Acquisition Highlights
  • This is Hitachi’s 1st transaction in the Financial Services sector.
  • This is Hitachi’s 2nd transaction in India.

M&A Deal Summary

Date 2013-11-26
Target Prizm Payment Services Pvt
Sector Financial Services
Buyer(s) Hitachi
Deal Type Add-on Acquisition

Target

Prizm Payment Services Pvt

Chennai, India
Prizm is a provider of payment services using ATMs and point of sales systems (credit card swipe machines) to banks and financial institutions in India.

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Buyer(S) 1

Buyer

Hitachi

Tokyo, Japan

Category Company
Founded 1910
Sector Diversified
Employees268,655
Revenue 9.73T JPY (2024)
DESCRIPTION
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.
Entrance to Hitachi's corporate headquarters in Tokyo, Japan.

Hitachi is a multinational conglomerate that operates across various sectors, including information technology, infrastructure systems, social innovation, automotive systems, and more. The Company's diverse portfolio encompasses a wide range of products and services, such as power systems, industrial machinery, digital solutions, transportation systems, and healthcare solutions. Hitachi was founded in 1910 and is based in Tokyo, Japan.


DEAL STATS #
Overall 7 of 21
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 7 of 15
Country (India) 2 of 3
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 Hitachi Payment Services Pvt.

Mumbai, India

Hitachi Payment Services Pvt. Ltd. is a provider of payment services by using ATMs and point of sale (POS) systems to banks and financial institutions in India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Hitachi Systems Power Services

Japan

Hitachi Systems Power Services Ltd. is a provider of development, maintenance, and operation of information systems.

Buy -